A beneficiary deed allows property owners to designate beneficiaries who will inherit their property upon their demise. Though not common across all states in India, some states permit such deeds. So if you want to know how to get a beneficiary deed, I have shared a detailed guide here with you.
How to Get Beneficiary Deed in India?
First, verify if your state allows beneficiary deeds. States like Maharashtra and Karnataka have specific provisions for such transfers. The next steps that you must take are as follows,
Engage a legal professional or a property lawyer to draft the beneficiary deed. Your deed must specify the property details, the owner's intention, and the beneficiary’s information.
The owner can include specific conditions, such as the right to cancel or modify the deed during their lifetime. The transfer takes effect only upon the owner's demise.
The deed must be printed on appropriate stamp paper as per the Stamp Act of your respective state. Visit your local Sub-Registrar’s Office (SRO) for registration.
Submit your documents like proof of ownership (sale deed or title deed), identity proofs of all parties, property tax receipts, and encumbrance certificates.
Pay the applicable registration fees, get your deed signed by the Sub-Registrar, and obtain a copy of the registered deed.
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how to get a beneficiary deed
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How To Get A Beneficiary Deed?
meera
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33 days
2024-11-29T15:46:15+00:00 2024-11-29T15:46:16+00:00Comment
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